Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.046%

Price spread now: Polymarket Perps against Bitget−0.149%50s7-day average −0.102% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.149%, 7d avg −0.102%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.047% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.102%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAGUSDT	65.140	0.0184	pay 0.0092% / 4h	3h 50m	$23.3M	$45.2M	100x
Short	Polymarket Perps SILVER-USD	65.043	0.0050	get 0.0006% / 1h	50m 38s	$3.8M	$890K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$28.14
Price spread: −0.149% → −0.102%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.77 bp	7.5 bp −$7	9.0 bp −$90	16.8 bp −$1,677	47.8 bp −$23.9K
Sell Polymarket Perps live order book, 3 min ago	491.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	65.046	−0.144%	$12K	$5K	5x	as long as short
SunX XAG-USDT	0.0000%	4h	65.140	0.000%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.180	+0.061%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.160	+0.031%	$1.5M	$291K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.065	−0.116%	$118K	—	250x	as long as short
Variational Omni XAG	+0.0022%	4h	65.154	+0.022%	$5.4M	$9.1M	—	as long as short
Lighter RH XAG	+0.0032%	1h	65.126	−0.022%	$4.6M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.066	−0.114%	$4.9M	$11.8M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+1.934%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	65.070	−0.107%	$783K	$3.0M	40x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SI-PERP	+0.0046%	1h	65.513	+0.573%	—	—	25x	as long as short
QFEX SILVER-USD	+0.0047%	1h	65.090	−0.077%	$171K	$1.4M	20x	as long as short
Polymarket Perps SILVER-USDshort	+0.0050%	1h	65.043	−0.149%	$3.8M	$890K	20x
SoDEX SILVER-USD	+0.0050%	1h	65.084	−0.086%	$3K	$6K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	65.020	−0.184%	$5.6M	$9.8M	25x	as long as short
MEXC SILVER_USDT	+0.0056%	4h	65.130	−0.015%	$125.9M	$155.8M	1000x	as long as short
Binance XAGUSDT	+0.0058%	4h	65.110	−0.046%	$193.5M	$762.5M	100x	as long as short
Paradex XAG-USD-PERP	+0.0059%	8h	65.119	−0.032%	$29K	$1K	5x	as long as short
edgeX XAGUSDC	+0.0067%	4h	65.072	−0.105%	$663K	$313K	30x	as long as short
Bybit XAGUSDT	+0.0068%	4h	65.130	−0.015%	$27.3M	$39.4M	150x	as long as short
Aster XAGUSDT	+0.0068%	4h	65.124	−0.025%	$2.6M	$991K	100x	as long as short
Gate XAG_USDT	+0.0070%	4h	65.150	+0.015%	$139.9M	$179.1M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	65.140	0.000%	$47K	—	10x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0080%	1h	65.010	−0.200%	$1.6M	$1.4M	20x	as long as short
Kalshi KXSILVERPERP	+0.0082%	24h	65.080	−0.092%	$478K	$33.4M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0088%	1h	65.081	−0.091%	$35K	$21K	20x	as long as short
Pacifica XAG	+0.0100%	1h	65.077	−0.097%	$463K	$594K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.090	−0.077%	$25.2M	$4.7M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.010	−0.200%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0111%	1h	65.011	−0.198%	$55K	$31K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0145%	1h	65.088	−0.080%	$173.8M	$85.8M	25x	as long as short
Nado XAG-PERP	+0.0151%	1h	65.085	−0.084%	$1.2M	$4.6M	10x	as long as short
RISEx XAG/USDC	+0.0158%	1h	65.130	−0.015%	$1.3M	$4.9M	20x	as long as short
Bitget XAGUSDTlong	+0.0184%	4h	65.140	long leg	$23.3M	$45.2M	100x
OKX XAG-USDT-SWAP	+0.0184%	8h	65.130	−0.015%	$28.6M	$72.4M	50x	as long as short
Aftermath Perps XAGUSD	+0.0202%	1h	65.034	−0.162%	$78K	$37K	10x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0211%	1h	65.130	−0.015%	$77K	$416K	20x	as long as short
BloFin XAG-USDT	+0.0229%	4h	65.130	−0.015%	$2.7M	$631K	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0238% / S −0.0196%	1h	65.135	−0.008%	$92K	—	111x	as long as short
Lighter XAG	+0.0240%	1h	65.127	−0.021%	$5.3M	$10.7M	25x	as long as short
Hibachi XAG/USDT-P	+0.0280%	1h	64.990	−0.230%	$20K	$15K	10x	as long as short
Bullet SILVER-USD	+0.0321%	1h	65.134	−0.009%	$45K	$75K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0394%	4h	65.085	−0.084%	$391K	$1.6M	25x	as long as short
Kraken Futures PF_XAGUSD	+0.0418%	1h	65.121	−0.029%	$1.0M	$868K	25x	as long as short